Converting my demat to BSDA

[debjit]

Hi
I just starting trading,and learning and I have a normal demat account opened by zerodha, but I came to know about BSDA.As I am not investing/trading more than 50000 a year can I convert my account to BSDA and will I loose any feature/facility provided by zerodha doing this?

If not how to do it?

Thanks

[Srinivas]

Answered in the link below:

How to convert existing Zerodha Demat to BSDA?

BSDA (Basic Services Demat account) is a special type of a demat account that an individual investor can open; the AMC structure is as below: [image] Yes, you can convert an existing Demat account to a BSDA account, on the condition that the investor holds no other demat account and the value of holdings in the existing account is below Rs.2,00,000. To convert your existing account, you’ll have to send us a copy of this form.

[debjit]

Thanks Srinivas

Will I loose any feature/facility provided by zerodha doing this?

[Srinivas]

No, you won’t lose any feature/facility provided by Zerodha. Only your Demat account can lose its BSDA status if you violate the maximum permissible investment amount. And it will convert back to a regular Demat.

[debjit]

Hi I was reading a post on Quora that the DP charges for BSDA is more than Normal DA ,just need confirmation on that info

Source
https://www.quora.com/What-are-the-DP-Charges-in-Zerodha-brokerage

Thanks

[Srinivas]

The DP charges remain the same for normal Demat account and BSDA account. Rs.13.5+GST per scrip debit from demat per day.